Standard Cost Summary for Product $"$Z$"$ Direct Materials $-1$ lb$.$ at $$7$ per lb$.$ $$7\mathrm{.}00$

Direct Labor $-1$ hr$.$ at $$15$ per hr$.$ $$15\mathrm{.}00$

Fixed Factory Overhead $-40\%$ of Direct Labor $$6\mathrm{.}00$

Standard Cost Per Unit $$28\mathrm{.}00$

Standard Cost for Manufacturing $10,000$ Units Direct Materials Cost $(10,000$ Units $*$ $$7)$ $$70,000\mathrm{.}00$

Direct Labor Cost $(10,000$ Units $*$ $$15)$ $$150,000\mathrm{.}00$

Fixed Factory Overhead $(10,000$ Units $*$ $$6)$ $$60,000\mathrm{.}00$

Total Standard Cost $$280,000\mathrm{.}00$

Actual Costs for Manufacturing $10,000$ Units Direct Materials Cost $(11,000$ lbs$.$ at $$6\mathrm{.}5)$ $$71,500\mathrm{.}00$

Direct Labor Cost $(9,500$ Hours at $$16)$ $$152,000\mathrm{.}00$

Fixed Factory Overhead $(10,000$ Units $*$ $$6)$ $$60,000\mathrm{.}00$

Total Standard Cost $$283,500\mathrm{.}00$

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Marerial price var $=-5500$

Find Labor Efficiency Variance $($usage$)$ with favorable variance